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Hamelin Gold Limited ( (AU:HMG) ) has provided an update.
Hamelin Gold Limited has announced the identification of a discrete gold anomaly through soil sampling at its Ularring Gold Project, located 130 kilometers northwest of Kalgoorlie. This new finding defines a clear drill target over a 500-meter strike within a largely under-explored segment of the Ida Fault Zone, a region associated with multiple gold deposits. The company plans to commence an aircore drilling program in March 2025, aiming to further explore the potential of this anomaly, which could enhance its operational impact and strengthen its position in the gold mining sector.
More about Hamelin Gold Limited
Hamelin Gold Limited is a company operating in the mining industry, focusing on gold exploration. The company is actively involved in the Eastern Goldfield District of Western Australia, with a market focus on identifying and developing gold deposits along significant geological structures like the Ida Fault Zone.
YTD Price Performance: -8.33%
Average Trading Volume: 160,023
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.7M
For detailed information about HMG stock, go to TipRanks’ Stock Analysis page.
